Instruction No. 7 OF 2003, dated 30.7.2003 Section 132 of the Income-tax Act 1961 Subject : Search & Seizure – matters relating thereto F.No. 286/77/2003-IT(Inv.II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes To All Director Generals of Income-tax (Inv.) Subject: Search & Seizure – matters relating thereto Sir,… Read More »
Section – 37, Foreign Exchange Management Act, 1999 Power of search, seizure, etc. 37. (1) The Director of Enforcement and other officers of Enforcement, not below the rank of an Assistant Director, shall take up for investigation the contravention referred to in section 13. (2) Without prejudice to the provisions of sub-section (1), the Central… Read More »
Finance Bill 2016 Rationalisation of time limit for assessment in search cases It is proposed to amend the time limit for completion of assessments made under section 153A or section 153C cases to bring it in sync with the new time limits provided for other cases. In order to simplify the provisions of existing section 153B… Read More »
HIGH COURT OF DELHI Commissioner of Income-tax.-7 v. RRJ Securities Ltd. DR. S.MURALIDHAR AND VIBHU BAKHRU, JJ. IT APPEAL NOS. 164,175,176 & 177 OF 2015 OCTOBER 30, 2015 N.P. Sahni Senior Standing Counsel and Nitin Gulati Junior Standing Counsel for the Appellant. Kapil Goyal and V.M. Chaurasia for the Respondent. JUDGMENT Vibhu Bakhru, J –… Read More »
Income declared after search was not undisclosed if covered by advance tax and TDS Q; Assessee declared certain income in belated return after date of search. Whether such income can be treated as undisclosed ? Section 158B(b), read with section 139, of the Income-tax Act, 1961 Subject :Income declared in belated return in Block assessment in search… Read More »